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Question - Prepare a food department income statement in proper format for Midlands Restaurant using the following information for the first quarter ended on March 31, 2007 (other income received from leasing excess equipment for one month is not a part of normal operations):
Sales Revenue:
Grill room $183,200
Coffee garden 82,900
Banquets 294,400
Net food costs 224,200
Salaries and wages expense 176,400
Employee meals expense 18,200
Supplies expense 10,300
Glass and tableware expense 4,300
Laundry and linen expense 13,500
License expense 2,400
Printing expense 4,900
Miscellaneous expense 8,200
Other income 800
1. Food Department
2. Income Statement
3. For the first Quarter ended March 31, 2007
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